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Anaqua To Acquire Practice Insight To Round Out Its Law Firm Ip Management Solutions

Jun 22, 2022•over 3 years ago

Acquiring Company

Anaqua

Acquired Company

WiseTime (also known as Practice Insight)

Privacy And SecurityScience And EngineeringData And AnalyticsInformation TechnologySoftwarePrivacy And SecurityData And AnalyticsProfessional ServicesSoftware

Description

Anaqua, the leading global innovation and intellectual property (IP) management technology provider, today announced that it has entered into a definitive agreement to acquire Practice Insight Pty Ltd, and its intelligent time capture software WiseTime, from IPH Limited.

Company Information

Company

Anaqua

About

Anaqua, Inc. is a premium provider of integrated intellectual property (IP) management technology solutions and services for corporations and law firms. Its IP management software solutions, AQX and PATTSY WAVE, both offer best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations, tailored to each segment’s need. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. For additional information, please visit anaqua.com, or on LinkedIn.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed